We have a problem in completing a partial asset transfer using ABUMN. At present (current date) the asset value is nil but we would like to do a partial transfer during may 2009 when the Net Book value of the asset is Rs 87 lakhs.
The Gross value of the asset is Rs 4 crores. The gross value of asset to be transfered in May 2009 is Rs 83 Lacs. How do we resolve the issue
As audit is in progress i require an immediate solution.
Thanks & Regards,